Bitcoin, Dogecoin, MATIC Price Analysis: 11 November
After a bullish rally, Bitcoin crossed the $69,000-mark to touch its ATH on 10 November. Now, with the correction phase kicking in, the near-term technical indicators for Bitcoin and the majority of altcoins flashed red signs.
Dogecoin and MATIC were no exceptions, as their near-term indicators pointed at increasing bearish influence.
Bitcoin (BTC)
Source: TradingView, BTC/USD
Bitcoin enjoyed a sustained rally over the past three months and recorded a nearly 50% ROI over that period. Since 13 October, the price action ascended in a rising wedge and registered an approximately 17% monthly growth. BTC bulls vigorously countered the bears and displayed dominance as the price hits its ATH on 10 November at $69,080.
In the last 24 hours, the bears
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